Word: 4â
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...principal and interest. The interest is calculated as none for five years, 1% for the next ten years and so on up to 3½% for the last 22 years?which signifies nothing, since this is a mere juggling of fictitious terms. Calculating interest at 4??%, the present value of the proposed payments is just about 50% of the debt as it stands, or about 15% more than Caillaux's best offer...
...pacify them! . . . I visited Enrico Caruso's tomb while in Italy, and was surprised to find his perfectly embalmed corpse lying in a glass sarcophagus, clad in evening clothes. . . . He almost appeared alive. . . The attendant who raised the American flag which covered the sarcophagus demanded one lira (4??) as his fee. . . . I am sure that this traffic is not sanctioned by Caruso's widow...
...York Bank is apparently loath to raise its rate lest it cause a similar rise of the Bank of England rate from 4% to 4??%, to prevent export of British gold to the U.S. Also the Reserve system apparently feels that too much money is now being used in Wall Street, and that as a matter of policy financial speculation can be restrained by holding the New York Bank rate lower than rates of the other Banks, and thus forcing funds from New York to other U.S. centres...
...4???"In the family, as in the State, the best source of wealth is economy."?Cicero...
...larger figures but less cash?$1,350,000 per boat, about one-fifth in cash and the balance in 7% preferred stock in a holding company to be organized. They later offered to increase the cash payment to $1,500,000, proposed that the Government accept bonds at 4?? for the balance. Their main object was to prevent sale to Captain Dollar and son. They pointed out that they had been running these boats without loss to the Government?in fact with an operating profit of about $2,000,000 during the year ending Feb. 28, 1925?and that...